Qualification guide
Wondering whether you qualify for a private money loan? Below is what lenders actually look at — and remember that guidelines are a starting point, not a wall. As a broker, CDL Mortgage works with lenders whose overlays differ, so a “no” from one bank is often a “yes” somewhere else.
Private money and bridge financing in California, Texas, Georgia, Tennessee, Oklahoma, and Idaho for investors who need speed — fix-and-flip, bridge, and asset-based loans that can close in days, not weeks. CDL Mortgage connects you with reliable private capital.
Credit score — each program has a minimum score, and stronger credit improves both approval odds and pricing.
Income & employment — lenders verify stable, documentable income; self-employed borrowers have flexible-doc options.
Down payment / equity — requirements vary by program, from 0% down (VA, USDA) up to 20–25% for investor loans.
Debt-to-income ratio — your total monthly debts vs. gross income; most programs want this under roughly 43–50%.
Property standards — the home must meet the private money loan program’s appraisal and condition guidelines.
Reserves — some programs want a few months of payments in savings after closing, especially for larger loans.
Requirements
General guidelines — final qualification depends on the lender, property, and your full financial profile.
Questions
A short-term, asset-based loan funded by private capital rather than banks. Approval is driven by the property’s value and your exit strategy, letting deals close in as little as 5-10 days.
Fix-and-flip projects, auction purchases, bridge situations between buying and selling, properties that won’t pass conventional appraisal condition standards, or any deal where speed wins the contract.
Terms usually run 6-24 months, interest-only, at 65-75% of value with rates higher than conventional financing — the tradeoff for speed and flexibility. We’ll map your exit into a refinance or sale.
Yes — many fix-and-flip programs fund a percentage of purchase plus 100% of the rehab budget, released in draws as work completes.
About Us
CDL Mortgage Services Inc. is an independent, full-service mortgage company. Instead of pushing one bank’s products, we shop multiple wholesale lenders to secure the best loan at the best rate for every borrower.
Purchase, refinance, and home equity — all under one roof, focused on the best loans at the best rates.
Based at 6524 Lonetree Blvd, Rocklin, CA 95765 and licensed in California, Texas, Georgia, Tennessee, Oklahoma & Idaho.
Every file is handled start-to-finish by a licensed loan officer who knows your name and your goals.
Fully licensed and regulated, with award-winning lender partnerships and 35+ years serving borrowers.